When someone passes away, their family must go through a process to settle the estate. The probate attorney they hire will make sure that the decedent’s wishes are carried out and their estate is taken care of properly. They will be able to help with a variety of different issues including the validity of a will, distribution or management of assets, estate taxes and guardianship. The best Probate Attorney in Chicago Illinois will be able to provide quality legal services and work diligently to see that the decedent’s wishes are met.
Whether or not you need a probate attorney depends on several factors, such as the size of the estate and any contentious beneficiary relationships, how complex your state’s inheritance laws are, and whether or not the estate has been set up to avoid probate through a trust. The good news is that an experienced probate lawyer can often speed up the probate process and ensure that everything is handled correctly.
What is Probate?
Probate is the court-supervised process of settling a deceased person’s estate. It typically involves notifying the heirs and creditors, liquidating assets and paying approved debts. Then, the remaining assets can be distributed to the heirs. The executor or administrator of the estate is responsible for getting an appraisal of all assets and determining tax liability. They also must file a detailed account of all activity and expenses during the estate settlement process.
A probate attorney can help the executor or administrator with all of these tasks. They can also assist the heirs and beneficiaries with a variety of different issues, such as disputing claims by creditors or a will challenge. They can also help with the distribution of assets, the preparation of final income tax returns and even the collection of life insurance or retirement benefits.
If you are in need of a probate attorney, it is important to find one who exclusively practices probate and has experience with your specific type of case. This will ensure that they are familiar with your county’s laws and how judges typically handle cases. They will be able to quickly and effectively resolve all issues with minimal delay.
When choosing a Probate Attorney, you should ask about their fees. Some attorneys charge a flat rate, while others may charge a percentage of the gross estate value or a monthly fee. If you are unsure about how much an attorney will charge, you should request a written fee agreement so that there are no surprises down the road.
A knowledgeable and experienced attorney can handle all aspects of probate, including disputed claims, complex asset valuations and complicated property ownership structures. They can also advise clients on how to avoid probate through a trust and other estate planning strategies. The best attorney will be able to provide quality legal service at an affordable price. With their experience and knowledge, they will be able to help you achieve your goals. The attorney you choose should have a proven track record of successful outcomes and be well-regarded in the community.